In the latest weekly update, ISMG editors discuss how cyber risk is becoming more closely tied to the economic health of nations, why a rural U.S. healthcare provider is closing due in part to ransomware attack woes, and why some cybersecurity companies have laid off staff this month.
Every week, ISMG rounds up cybersecurity incidents in the world of digital assets. This week, Atomic Wallet, FPG, Sturdy Finance and Hashflow suffered hacks involving millions of dollars, hackers phished followers of popular Twitter accounts and an Australian bank wanted to limit crypto use.
This week, the list of MOVEit victims grew and now includes the U.S. government. Also, CISA and its global peers crowned LockBit the world's top ransomware threat, North Korean hackers copied a popular South Korean web portal, and an impersonation campaign used SEO techniques to target top brands.
Federal officials charged a Russian national with carrying out at least four LockBit attacks against businesses in the United States, Asia, Europe and Africa. The Justice Department said Ruslan Magomedovich Astamirov, 20, of Chechnya, deployed ransomware between August 2020 and March 2023.
A commercial real estate company that operates more than a dozen addiction recovery centers and other medical facilities in several states is notifying 319,500 employees and patients of a recent ransomware incident that compromised their personal and health information.
Federal regulators have hit Washington state-based Yakima Valley Memorial Hospital with a $240,000 HIPAA fine and correction action plan following a 2018 breach involving 23 hospital security guards who snooped into the electronic medical records of 419 patients.
European lawmakers on Thursday denounced the commercial spyware industry and chastised half a dozen member nations for deploying spyware against citizens or selling it abroad. "Spyware is part of the toolkit of authoritarians who undermine democracies," said Dutch MP Sophie in 't Veld.
As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.
Chinese hackers in a state-run operation compromised hundreds of organizations through a zero-day vulnerability in a popular email security appliance, warns cyber threat intelligence firm Mandiant. Hackers used a zero-day vulnerability in Barracuda Networks Email Security Gateway appliances.
Microsoft's June dump of patches for the first time in months doesn't include a fix for an actively exploited zero-day in a slew of fixes for 69 vulnerabilities spread across the computing giant's portfolio of products. Among them are SharePoint, Exchange and servers that enable multicasting.
Microsoft says a newly identified Russian military intelligence threat actor uses noisily destructive payloads in a bid to intimidate mostly Ukrainian targets. The computing giant dubs the threat actor Cadet Blizzard and says it carried out the January 2022 WhisperGate attacks against Ukraine.
Sumo Logic has axed 8% of its workforce less than a month after Francisco Partners paid $1.7 billion to take the data analytics vendor private. The company told California's Economic Development Department on June 7 that it would lay off 79 staff at its Silicon Valley headquarters the following day.
Bipartisan legislation proposing to help rural hospitals better address cybersecurity personnel shortages cleared a Senate committee Wednesday amid signs of a deepening ransomware crisis affecting hospitals serving areas with low population density.
European lawmakers on Wednesday voted overwhelmingly in favor of restrictions for the artificial intelligence industry, approving a regulatory package obliging generative AI model makers to mitigate societal risks and banning a slew of applications, such as biometric recognition in public places.
Each year, billions of dollars are transferred in and out of money mule accounts to support a variety of money laundering schemes. But banks are now using machine learning and AI more effectively to spot mule accounts. Two experts shared the latest approaches and tools for beefing up AML programs.
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